The Interpublic Group Of Cos Stock Gaps Up On Today's Open (IPG)

NEW YORK ( TheStreet) -- Shares of The Interpublic Group of Cos Inc (NYSE: IPG) were gapping up Friday morning with an open price 15.2% higher than Thursday's closing price. The stock closed at $8.91 Thursday and opened today's trading at $10.26.

The average volume for The Interpublic Group of Cos has been 10.8 million shares per day over the past 30 days. The Interpublic Group of Cos has a market cap of $4 billion and is part of the services sector and media industry. Shares are down 16% year to date as of the close of trading on Thursday.

The Interpublic Group of Companies, Inc., through its subsidiaries, provides advertising and marketing services worldwide. The company has a P/E ratio of 15.4, below the average media industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates The Interpublic Group of Cos as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full The Interpublic Group of Cos Ratings Report.

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